Market Updates

Everything you need to know

GBP Highest Since Brexit Vote

The pound’s value is at it’s highest against the US dollar since the Brexit voting caused the pound to devalue. The pound has gained 1% against the dollar to $1.3610. A member of the Bank's interest rate-setting committee, Gertjan Vlieghe has said that this is growing...

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UK house prices increased by nearly £10,000

UK house prices increased by nearly £10,000 on average in the last year according to the Office for National Statistics. This means that the average property in the UK in June was £223,257 compared to £214,000 in June 2016. This is fantastic news for property...

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UK House Prices Stable Despite Hostile Market

Robert Gardner, Chief Economist for Nationwide, one of the UK’s largest mortgage lenders, has described the UK’s property market as stable and attributes this to the lack of homes on the market. Despite the uncertainty of Britain’s departure from the European Union...

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Record £1.3bn Purchase of UK Real Estate

A new record price has been paid for a single piece of British commercial property. The deal was struck by Lee Kum Kee, the Hong Kong-based food company which specialises in producing oyster sauce and other condiments, who paid £1.3bn (HKD 13bn, $1.7bn) for the...

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5 Reasons You Should Invest in Manchester

1. A City on the Verge of Enormous Economic Growth Manchester’s regeneration efforts have massively improved the local economy. 70,000 jobs are expected to be created in Manchester over the next 10 years and the population is projected to increase by 125,000. To...

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Increasing Number of Londoners Leaving the Capital

There has been a steady increase in the number of people leaving London over the last five years due to escalating house prices. According to analysis from estate agents, Savills, the net migration from London was 93,000 in 2016. Residential property prices in London...

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British Expats Buy-To-Let Soaring Despite Tax Changes

There have been a number of changes to the tax system in the UK with regards to property to deter buy-to-let investors and help young couples purchase their first homes. This has been somewhat effective to domestic investors however has had quite the opposite effect...

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Mobikes: Communal Smart Bikes Start in Manchester

Image source: Mobike.com London have the Boris Bikes(or Santander Cycles as they're supposed to be called) and now Manchester has Mobikes. To continue the growth journey Manchester is currently taking, the Mobike aims to revolutionise the way Manchester residents...

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UK House Prices Hit a New High in May

Despite uncertainty over the General Election, house prices across England and Wales hit a new high in May with an average property price of £303,200. This continues the trend of month-on-month increases as the housing market has remained relatively strong. A total of...

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UK’s First Government-Backed Fund of Build-to-Rent Homes

More proof of the developing UK private rental sector is provided by the UK’s first government-backed fund of build-to-rent homes. The PRS reit (real estate investment trust) has started trading on the stock exchange having raised £250m from investors during its...

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Quarter Of Brits Will Be Renting By 2021

The trend towards private rentals in UK is expected to continue due to the combination of escalating house prices and stagnating salaries. It is predicted that by the end of 2021, 25% of British households will be renting rather than owning property. This will...

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2017 Election Results: Effect on the UK Property Market

Image source: Wikimedia Commons The UK general election result has put pressure on the sterling and cast uncertainty over the housing market due to the Conservative party failing to secure an overall majority. UK Prime Minister, Theresa May, had gambled on her party...

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